School Food Finance – 1
Managing the financial resources in school food programs is a complex process, and it can be even more complicated in a scratch-cook operation. Fiscal accountability is essential for school food programs to be successful in transitioning to scratch-cooking. In School Food Finance, we’ll discuss the revenues and expenses involved in operating a school meal program, some of the fundamental tools required to track your financials throughout the year, and how to develop an annual and multi-year budget for your program. While managing finances may seem like a daunting and complicated process, we will break it down into simpler, more manageable pieces and provide you with tools to create financial sustainability in a scratch-cook model.
- Understand the primary revenue sources for school food programs, and explore alternative sources to increase revenues.
- Understand the primary expenses in school food programs.
- Utilize financial tracking tools to track your meal counts and calculate your average daily participation in support of budget development.
- Utilize financial tracking tools to understand your labor costs and productivity.
- Utilize financial tracking tools and inventory management processes to track your food costs.
- Apply your program’s financial data to develop an annual and multi-year budget.